9 Mystery Accounts Made $100 Million in 48 Hours. What Did They Know? I China Insights
Nine mystery accounts. More than 200,000 short-dated put options. A $12 million bet on two Chinese brokerage stocks collapsing.Then, just hours after the U.S. market closed, Chinese regulators announced a major crackdown.When Wall Street reopened, shares of Futu and Tiger Brokers plunged—and the options were suddenly worth more than $100 million.Susquehanna International Group, one of America's largest options market makers, says it lost more than $70 million on the other side of the trades. Now, in a federal lawsuit, the firm alleges that unidentified traders may have used confidential…
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